Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Cryptologic (CRY/TSE): First Profitable Internet Casino -- Ignore unavailable to you. Want to Upgrade?

To: Ian A. who wrote (808)	1/7/1999 9:04:00 AM
From: Sili Investor	Read Replies (1) \| Respond to of 2782

We might hit $20 before the end of the week. Then it will have a P/E of 13! Still a ways to go after that.

To: Ian A. who wrote (808)	1/8/1999 6:59:00 PM
From: John Marcinko	Read Replies (2) \| Respond to of 2782

Any comments on CRY's purchase of Gamesmania? Not really sure what to make of it myself. Although I am all for the idea of diversification, and CRY has a bucket load of cash, I haven't really figured out how the two companies strategically "fit" together. I'm also surprised at the fact that the terms of the purchase are not being publicly disclosed ... any speculation on how much CRY paid? I've pared back my position a little on this run-up to $16, but remain long the stock. Still think it is way undervalued but am concerned that internet gaming stocks might take a hit again when the Kyle Bill starts rearing its ugly head again... -John ----------------- JANUARY 6, 1999 CryptoLogic Inc. Announces Acquisition Of Gamesmania Internet Magazine TORONTO, ONTARIO--CryptoLogic Inc. is pleased to announce that it has purchased the assets of Gamesmania, from Internet Frontier Inc. (iFront), a wholly owned subsidiary of Microforum Inc. (TSE-MCF). For competitive reasons, the material terms of this transaction are not being publicly disclosed. Gamesmania is an award-winning Internet e-zine (electronic magazine), and one of the most popular video game sites on the Internet. Established in 1996, Gamesmania has millions of visitors a month and offers content provided by recognized leaders of the industry. The acquisition of Gamesmania is part of CryptoLogic's strategy of adding to growth through acquisition and increasing its presence in the entertainment/media segment of the Internet.